TechFlow news — According to Bloomberg, Jez Mohideen, CEO of Laser Digital, Nomura Holdings' cryptocurrency firm, said in an interview: "Due to the prolonged weakness in the crypto market, we have inevitably postponed our break-even timeline."
He added, "Last year, we aimed to achieve break-even in 2024. However, sustained declines in digital asset prices, reduced trading volumes, shrinking investment activities, and increasingly stringent regulatory requirements have collectively delayed our overall business plan. That said, difficult periods always come with opportunities. We are confident about the growing market entry of institutional investors, including BlackRock. The future remains extremely bright, but it will take time."
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